"They're totally unfair competition," said cab driver Jonathan Khin, a 20-year cabbie who came to San Francisco decades ago from Burma. "They don't have to pay regulations and fees that we do."
The drivers complaints over the rideshares, known legally as Transportation Network Companies, were many: the TNCs don't provide adequate insurance for drivers, don't have the number of cars regulated (like cabs are), and don't have to pay regulatory fees that cabs currently pay. This all leads to an uneven playing field, and the taxi cab industry is getting creamed.
Rideshare companies must provide their drivers with insurance. That was the gist of a public letter released today from the California Insurance Commission, addressed to the California Public Utilities Commission, which regulates transportation network companies such as Uber, Lyft, and Sidecar.Read more »
The insurance policy describes exclusions, limits, and explicit descriptions of who is insured, all details that evaded the public, the taxi industry, and some regulatory bodies trying to investigate Uber and its insurance coverage.Read more »